Coherent has returned about 99.7% since the start of the calendar year, significantly outperforming the Business Services sector, which has lost about 8% on average over the same period. The company currently holds a Zacks Rank of 1, or Strong Buy, and its full-year earnings consensus estimate has risen 14.9% over the past quarter. Another Business Services stock, Enpro, has also beaten the sector with a year-to-date return of 68.5% and carries a Zacks Rank of 2, or Buy. Both Coherent and Enpro belong to the Technology Services industry, which has lost an average of 0.6% so far this year, meaning both stocks are performing better than their industry as well.
Coherent IncStock has gained 99.7% YTD, Zacks Rank 1 (Strong Buy), and earnings consensus estimate rose 14.9% over the past quarter.
Enpro IndustriesStock has gained 68.5% YTD and carries a Zacks Rank 2 (Buy), outperforming sector and industry.